| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 55th | Fair |
| Demographics | 17th | Fair |
| Amenities | 62nd | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4109 Teal St, Bakersfield, CA, 93304, US |
| Region / Metro | Bakersfield |
| Year of Construction | 1984 |
| Units | 24 |
| Transaction Date | 2017-07-13 |
| Transaction Price | $2,555,000 |
| Buyer | SATICOY DEVELOPMENT COMPANY LLC |
| Seller | 4109 TEAL GARDENS LP |
4109 Teal St, Bakersfield CA Multifamily Investment
Neighborhood occupancy is above national medians and local renter concentration is elevated, supporting stable tenant demand according to WDSuite’s CRE market data. Positioning in an inner-suburb pocket with strong daily amenities favors steady leasing over time.
This inner-suburb location is competitive among Bakersfield neighborhoods (ranked 80 out of 247) and benefits from strong daily conveniences. Food and retail density is a relative strength, with restaurants, groceries, and cafes scoring in the higher national percentiles, which helps support resident retention and day-to-day livability for multifamily communities.
Neighborhood occupancy is above the national median, and the share of housing units that are renter-occupied is high compared with areas nationwide. For investors, that translates into a deeper tenant base and potential for steadier absorption of renovated units when bringing product to market.
Construction in the area skews early 1980s on average; this asset’s 1984 vintage is slightly newer than the neighborhood norm. That positioning can be competitive against older stock, while still warranting capital planning for mid-life systems and targeted value-add upgrades to kitchens, baths, common areas, and energy efficiency.
Within a 3-mile radius, recent population and household growth has been positive, with forecasts indicating further expansion over the next five years. This points to renter pool expansion and supports occupancy stability, while rising median incomes and contract rents suggest ongoing, but manageable, affordability pressure to monitor in lease management.
Parks and licensed childcare are comparatively limited in the immediate neighborhood, which may modestly cap family-oriented appeal; however, the concentration of daily services and dining remains a draw for workforce renters.
Relative to neighborhoods nationwide, local safety indicators rank in lower national percentiles, and the area compares below average within the Bakersfield metro (crime rank 209 out of 247 neighborhoods). This calls for standard operational precautions and resident communication around on-site security.
Recent year-over-year estimates indicate increases in both property and violent offenses. While block-level conditions can vary, investors should underwrite prudent security measures (lighting, access control, cameras) and consider partnerships with local patrol resources to support resident experience and retention.
The investment case centers on steady renter demand, competitive amenity access, and a slightly newer-than-average 1984 vintage that offers clear value-add levers. Neighborhood occupancy trends remain solid and the local renter-occupied share is high, supporting leasing durability and potential renovation throughput. According to CRE market data from WDSuite, food and daily-goods density is a relative strength, which helps reinforce resident stickiness.
Within a 3-mile radius, population and household counts have risen and are projected to grow further, pointing to a larger tenant base over the medium term. Ownership costs remain relatively high versus incomes in the area context, which can sustain reliance on multifamily housing and support pricing power, though rent-to-income levels warrant ongoing attention in renewal strategies.
- Occupancy above national medians and elevated renter concentration support leasing stability.
- 1984 vintage provides value-add potential while remaining competitive versus older neighborhood stock.
- Strong restaurant and grocery density underpins day-to-day livability and resident retention.
- 3-mile population and household growth expands the tenant base and supports absorption.
- Risks: lower relative safety metrics and limited parks/childcare; manage with security and targeted resident services.